watching the w news as a reminder of our top story. the united states as secure the release of basketball style brittany growing up from russian custody as part of a prisoner swap. the u. s. has handed over the russian army dealer, victor boot, in exchange. that's it from me and the news team for now. i'll have an update for you asked the top of the i don't go away though. up next is d w business with my colleague rob watts. get out of those in of berlin from me. the whole news too. thanks for watching. ah, we've seen a sex phone operator who wrote her master's thesis on potato marine to read and not the turn on. well, it gets more ridiculous from their

d w literature list in german monk street. mm hm. what are sports all valid in winning fighting, scoring we say they're about never giving up the most exciting sport stories about people passion and their dr. sports life every weekend on d. w ah, germany's biggest accounting scandal goes to court. why a card shook the german business world to it's call when it collapsed with a financial black hole in the billions. now it's form a c o and to manage is a pair accused of playing pot. gridlock in the boss for us over

a dozen oil tankers are stuck waiting off the turkish coast at the you band european firms from ensuring them. this is due to be a business on robots in berlin. welcome to the program. 1.9000000000 euros. the discovery of an enormous black hole in the wire card, finances saw the german fintech term collapsing 2020. now, a court in munich will hear evidence about a scandal that shook the german establishment to it's core. the trial of 3 of the men allegedly involved has begun. marcus brown and wire cards are almost anonymous. the company and its former c e o. have been in the headlines since his arrest in 2020 brown faces charges of financial fraud and market manipulation. he could be imprisoned up to 15 years if found guilty and he's not alone. the,

i'm hard to read that the speaking that i offended by being the keenly steam in the former c e o y r carter graham than she forgot to jeff and holly. i am either way ahead, accounting. we're getting ahead of our call. the attendance i worked together to make why or as an exam exam love, and i didn't dusty why our car to us went in to fly, at least according to the product dimensions. and there were only losses who didn't fluctuate within a certain amount of bonds. that's what i was approved and i didn't know fellows to for hunton. founded in 1999 wire card was started as a german unicorn by 2018. the online demons farm was one of the 30 most valuable companies on the frankfurt stock exchange. and then it suddenly crashed in 2020 wire card, announced it could no longer be its bills or fulfill financial obligations. investors last $4000000000.00. former c o brown says he had no idea of any wrong

doings and put the blame on former chief operation officer. yon marcella who german authorities see is in russia for the report of laws halter was at the opening of the trial in munich, and he sent us this effect. it is the largest ever financial fraud case in germany . history and it is appropriately big a trial. a trial was so much popular interest that the proceedings have to actually start late because it took a while for all the people to file in one of them filing in here with the crowd. one of the 3 defendants, where's the other 2, including former wire card c o markers. brown came through the back door from the adjacent prison, where they have been held over the last year and a half. now all of the 1st day here in court in munich was used up by reading the indictment. it's almost a 100 pages long. it has a lot of numbers have, has a lot of details on how wire card exactly was structured and how money was freely

flowing back and forth between different subsidiaries. and there is so much of that that it would have to wonder how marcus brown, the main defendant, who has been c of the company, would maintain that he knew of nothing. and that it was only he marsalis who orchestrated the fraud here at the company. young marcella, of course, is still a fugitive. he has fled germany and a private just to ruth about a week before the company went belly up and he's currently a hiding in russia and will obviously not be expedited for political reasons. in the current environment, it is going to be very interesting to follow this trial which will stretch over a 100 days into a way, make way into next year. and a verdict is not expected at least 2024. how to reporting that now to some of the other global business stories making the news. the u. s. is imposed sanctions on

a key ally of turkish president reggie type ad on washington accuses prominent businessmen, fit p i n, and his network of companies, a facilitating oil sales and money. leon, money laundering on behalf of iran's revolutionary guard. i'm tick tock is being sued by the attorney general of the us state of indiana. the complaint claims the chinese own social media miss leads young uses and fails to protect consumer information. closely follows the governor of south dakota, the decision to bind the app on state burns devices of more on this cross to the states and to financial correspondent young quarter, who joined us in the new york stock exchange, which i have history of the busy take talk is to be coming on the increasing pressure in the state stuff and say no,

definitely. i mean there is a lot going on in the case of the tick tock for instance. there is the claim that the epis not that the episode, inappropriate content, especially to children. there's also the question of cyber old data security. so for example, the chinese government is capable of getting some user information about the location of the browsing history. and then on top of it, so some states here in the united states are also looking at their investments. so this is rivalry between the united states and china economically. and so some states are looking and if it is appropriate to invest into china owned businesses. so there is a lot going on here and one of the big targets at the moment is definitely take time to have this news from indiana and from south dakota, we can expect more from other states and maybe even on a federal level. yeah,

well i mean they're already other states also coming up with similar bands. maryland for example, it's a one, but then drop. if you look at a broader picture, theoretically tick tock could be bend completely here in the united states, at least just the discussion that is on the table by 10. so that this, the company that don't take dotcom already 2 years ago and moved to headquarters out of mainland china to a single port. so to thought of the us market in the us, them authorities. but theoretically, that is definitely on the table that picked up could be banned overall. and the reason why it's basically data security and that some services could be based in china and that the chinese government could get access to data and put on us to go

to new york for thank you. now, traffic jam of oil tankers has built up in turkish waters following the european union's introduction of a $60.00 price cap on russian oil. well in 15 boats. securing waiting to cross to the mediterranean. according to a report, ankara has demanded new proof of insurance. after the price kept on, russian oil came into effect on monday. turkey has reportedly refused to allow the tank as to pass through. it's both for us and dod mill, straits and asked for additional guarantees from insurers that the transit are covered along this we've been speaking to cormac mcgary who is an associate director of the consultancy control risks in paris. we asked him how the price, cap and insurance issues were interlinked. well, fundamental to the teeth of, of the $60.00 price cut is the fact that maritime insurance is, is pretty much grounded in the west. there are only 13 individual m

p and i clubs which is effectively maritime insurance. of those 1360 percent of them are in the u. k. and those and the rest are basically in norway, sweden, u. s. and japan comment, gary that now over the next 25 years, india was to invest $1.00 trillion dollars in infrastructure projects for its growing population in its expanding cities. that means no shortage of work for the sand miners of mom buy and even more damage to indian marine ecosystems. it's just before midday, when a small fishing boat approaches the shore near mom by but the men on board, on making a living from fishing as their fathers and grandfathers did they mustard. they have been pulling sand out of the sea bucket full after bucketful. among them was jerome

channel. he can dive up to depths of 12 meters. when he started 20 years ago, he was just the person who hold the buckets on board. but then he started diving. the spending of the firewall was in the water doing dive after dawn, mill protective equipment and no oxygen tank. it's dangerous work so well on the day i go into the water with the pipe in one hand and the bucket in the other. we hold the pipe with our legs and used a bucket to dig outside of ivy. i tell you this coastal region has a decades long tradition, not pulling sand out of the sea, but use them construction. the problem now is the scale. several 1000 people aren't living in by mining the sea for san. meanwhile, the demand for sound is growing as a raw material for the construction industry. since 1990 mom, vice population has more than double to almost 21000000 people in 10 years. that

number is expected to grow by another 5 me and my growth needs 10 in the waters all around one by st. mining is prohibited but illegal. st. money is a craving business. what billions rivers doesn't cost lines are being destroyed in the search of sun, and with them, the habitats of plants and animals, as well as natural flag barriers. at the indian institute of technology bummed researches are looking for alternatives. materials for the construction, industrial, sham also, nick has been looking for a sand substitute for years. he and has the students have funny found one in decades old garbage just like sand locked, the solid waste can be used in a multitude of different ways on building sites. so this can be built very quickly

anywhere between 90 and 95 percent. my bill can be put in dollars several recycle and then can more dead. and if i wished into various other construction, my deal and substitute which can go again back into the construction industry. it will take time on the waist, can replace san as a raw material and pursuing on vice sun divers to give up their jobs will be no easy task. a diarist made a 1000 rupees around 12 euros a day, a bucket bull again and 400 rupees, much needed income for several 1000 families. and the so for man, the business team until next time, ah to the point in strong opinions, clear positions, international perspectives. as temperatures plunge, the war in ukraine is entering a new and brutal phase brushes. attacks on critical infrastructure amount to

weaponized in winter. can one side gain advantage as conditions worse and find out on to the point to the point with d w. o. well come in to talk about that exactly important tim version important because we are here for you with report and background information about football figures. everything you need about the 2022 world cup on d w will you become a criminal? mm franklin mayo already know who's with

hackers, paralyzing the tire societies. computers that are some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on youtube. but who ha, while come to r d w interview on post ambassador of the state of israel in germany. thank you, mr. ambassador. your father is pascal i was born here in berlin, where we're sitting right now in the city.